Just go and study Sports Science and learn by professors who are not even physically fit and can barely do 5 push-ups before their wimpy arms give up.

Just go and study Economics and learn by professors who make $2000 a month at their 40’s and the last time they saw a 6-figure bank account was when they played monopoly.

And while you are enjoying all these amazing benefits and getting all that important knowledge, let your parents support you and pay for your student expenses, even though you are now an adult.

Of course, you think that when you graduate at 25, there will be countless safe and sound job positions with a $4000 monthly salary waiting for you.

Businesses are going to be looking for a greatly skilled professional like you and their CEOs are going to open you their offices door, while hoping that you will be kind enough to accept to work for them.

Your mom and pap have patted you on the back multiple times, telling you that you are so smart – the center of the universe – and that finding a job will be a piece of cake for you.

Oh, by the way, I have some psychic powers that I just discovered.

Accidentally, I stumbled upon the future version of your after-college self.

Wanna see?

Crystal Ball Predictions For Your Life After Going To College

There you are, you finally got the degree!

Mom and pop invited all friends and family they could fit in their apartment (where you still live in because they still support you at 25).

But you deserved a graduation party, so everybody would know that you are a valuable, respected and well educated member of our society.

People are patting you on the back and wishing you the best. All of you smile, laugh and have fun until…

WHOOPS!

The party is now over.

You realize that this is all the fun you can have for today, as you have to go to sleep early, because you have to look for a job tomorrow.

So, you go to sleep to prepare for the big day.

Unfortunately, you soon realize that the big day is going to be repeated over the course of several weeks or months…

The first signs of doubt, disappointment and resentment start showing up as you are unable to find a job even though you have now graduated.

Real life VS You = 1-0

Here is how it goes afterwards:

“But how can this happen to me?”

You are now wondering.

Oh well, it must be the financial crisis and the government that has ruined our economy.

Dad told me that he has a friend who knows someone whose cousin can give me a job.

Hurayyy!”

You dress well – the costume and tie you were wearing in your after graduation party – to meet your new employer.

You are so glad that you have finally found a job, that you didn’t even ask what the job was exactly.

Actually, it seems weird that your employer requests that you change clothes.

Shouldn’t you be looking at your best in the first day at work after graduation?

Ten minutes later, you have already started to work!

BANANA MASCOT???

Is this really how my life is going to be from now on?

Real Life VS You 3-0.

Now, it would be pointless to continue this story.

Even though my crystal ball can clearly see your exact future from graduation to retirement, it’s not fun to see the score going up to “Real Life VS You 1529-4”.

I have a better suggestion for you.

Let’s go back in time, to the point you were wondering whether you should go to college or not.

Is college the right decision for you?

What college should you go to?

Should you take a student loan?

Should you drop out of university?

All these questions have occupied your mind and you can’t find the answers.

It’s because you are thinking it WRONG.

If you want to find the right answer, you have to think like a billionaire investor would do.

Charlie Munger, the billionaire investor and partner of the 2nd richest man in the world – Warren Buffet – would use the powerful tool of inversion.

The solution to most problems can come pretty easily when you think about it backwards.

Instead of thinking if you should go to college, you should think the reasons why you should NOT go.

If you eventually figure out that these reasons apply to your life, then you should not go.

If these reasons have nothing to do with your decision to get higher education, then you should go.

Simple as that.

So, the top 6 reasons why going to college is a terrible decision for you:

1. Because “high-end” degrees guarantee success

I know that many college-advocates will be seriously opposed to the following points, and use this one as an argument. So, I thought that I should attack this argument head-on.

If you thought that becoming a doctor, lawyer or engineer guarantees that you are going to be successful after college, think again.

Let me quote a part of a Resume I have recently received. A 28 year old lawyer applied for a position my company offered, that had absolutely nothing to do with Law.

The position was that of the customer representative. It’s a good job, but why spend years of studying at the Law School to go to work as a customer rep?

My name is [deleted] and I am a graduate of Law School of the University of Nicosia in Cyprus where I had been studying for the last two years, after two years of attending at the Birmingham University. I am 28 years, I consider myself smart and with imagination. I am an ambitious person and always want to improve myself.

Also, I consider myself a citizen of the world as I have lived in Germany, England and Cyprus, I I have made friends from all corners of the earth, which has helped greatly to broaden my horizons, and to get in touch with many different cultures.I am very determined and I want to learn new things. I am a trustworthy and discreet character, with good communication skills and I can offer to companies which share my ambitions.

Previous work experience:

In the very distant past I used worked as a waiter in a coffee-bar, as well as assistant of a car engineer and assistant for natural gas installation . Most recently, I worked at the marketing department of company [deleted]. For the last year and a half I have been practicing at a law firm as a lawyer.

While I cannot know for what reasons this particular person went to study Law, I have received several similar resumes from lawyers, engineers, architects and all sorts of high-end degree holders.

One dentist has also knocked on my door for getting a job, but no other doctor as of now.

Isn’t it a complete waste of time to study something “respectable” and hard at the same time, such as law, medicine or engineering and then go work at a normal job?

You might argue that a specialized neurosurgeon would have no problem finding somewhere to work.

Yes, it’s true that it would be easier for them, as such specialized knowledge is only possessed by a handful of people, and this makes it very rewarding. Yet, to get to that point you would need to spend 10-15 years studying and getting really into your profession.

That’s okay if you truly want to become a doctor/lawyer/engineer etc. It’s okay if that’s your dream career.

However, if your main purpose is survival and then enjoyment of life by amassing riches, that path is slowlane.

You could get wealthier faster.

Shout out to Farokh Sarmad, who is just 21 and kicks asses in business, well on his way to become a multi-millionaire. I don’t know Farokh, but he was recently featured in Forbes.

Farokh, just like me, has achieved things worth of respect at an age where the greatest achievements of most people have to do with running naked and drunk through the campus.

Getting into a university faculty to study a high-end subject doesn’t guarantee your success in the real world. You see, becoming successful nowadays is not absolutely correlated to having a degree or being over 30.

College takes away 5 years of your youth, condemns you to serious levels of debt, and doesn’t even guarantee a job after graduation anymore.

On top of that, most university students in Greece spend roughly an extra $50.000 in living expenses such as furniture for their new homes, rent etc.

In the course of eight years of high school + university, that’s about $80.000 (without even taking into account expenses from post-graduate studies that many degree-holders choose to take).

If only that amount of money had been invested with an 8% annualized return, here is what the return would be:

8 years: $148074

30 years: $805012

So, it would have almost doubled by the same time someone would have finished his college education. In 30 years, it would have almost made them millionaires!

Did I mention that all this would have come without any effort on their end? Just sit on the beach and wait for the compound interest to do the work for you. But of course, spending all that money to get a piece of paper is a much better investment.

That’s not even the worst part of the story!

What is more, every decision you make, doesn’t only entail the cost of the decision itself in money, energy and time.

It also entails the hidden costof completely dismissing a better potential alternative.

That’s the power of the opportunity cost. What is more, those who think that college is “Free” do not take into account opportunity cost and the value of their time.

College actually costs 4 years of your life, to say the least.

What’s the point of spending 4 years to get a degree and then go to work as a mascot at a banana stand?

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A college dropout (chemical engineering) who founded his 1st company at 19 years old.

By 20, he was financially free, making more money than Harvard MBA graduates, wall street analysts, doctors or lawyers.

Damian became a go-to consultant for 7-figure companies, made mid 6-figures on Fiverr, moved from a roach-infected dorm room to a Dubai penthouse and is currently running 3 businesses with several employees at such a young age.